Addition on account of cash found during the search - ...

Claim of Cash Ownership by Another Company Requires Verification Despite Delayed Confirmation Over Two Years After Search.

September 16, 2015

Case Laws Income Tax AT

Addition on account of cash found during the search - submission that cash belonged to other company - confirmation furnished after more than two years of search - even if it appears to be an after thought, the same cannot be the basis for rejection of confirmation without any further examination and verification from the assessment records of other person - AT

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Addition on account of cash found during the search - ...

Claim of Cash Ownership by Another Company Requires Verification Despite Delayed Confirmation Over Two Years After Search.

September 16, 2015

Case Laws Income Tax AT

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